Real Estate
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PICK THE RIGHT REAL
ESTATE ATTORNEY
For many buyers and sellers, a real estate agent is all that is
needed to get through the buying or selling real estate process. A
real estate agent can provide valuable advice on the current state
of the market, the best way to stage your home for sale or good
areas to look at when investigating a home purchase. What a real
estate agent cannot do, however, is provide legal advice and in some
situations, such advice is critical to the real estate transaction
process.
A real estate attorney can be a great way to not only get that
valuable legal advice but to protect yourself every step along the
way as well. A real estate purchase or sale is a complicated
transaction impacted by countless laws and regulations. With a piece
of merchandise so expensive changing hands, issues are bound to crop
up and sometimes a real estate attorney is the best way to deal with
those issues.
So, you’ve convinced yourself that you need a real estate attorney
and value the piece of mind a real estate attorney brings enough to
spend the money to retain one. The question now becomes where to
find one and rather than simply pick the real estate attorney with
the nicest ad in the yellow pages, there are some better sources you
can use to select the real estate attorney that is right for you.
Referrals Help Generate Leads
While that tenet may be universally true for sales, it is also true
for the search of a solid real estate attorney. Randomly picking a
real estate attorney can lead to communication problems later
fostered by the incompatibility between you and your real estate
attorney. Instead, it can be more beneficial to seek out
recommendations from friends and other acquaintances that have gone
through a home purchase or sale.
However, many people simply don’t know a friend that has gone
through the process of hiring a real estate attorney and thus have
no one to ask. For those people, the Bar Association in your area
can be a great resource for generating a list of potential real
estate attorneys that have a positive standing with the Bar.
Additionally, there a number of different directories that keep
contact information for competent attorneys and many have
subsections designed specifically for real estate attorneys.
Interviewing Sorts Out Competition
The best way to land a great real estate attorney is to be
exhaustive in your search process. While few of us have time to
interview 10 or 15 different attorneys, we can all probably spare
the time to interview a handful of potential candidates to ensure
that the fit is right between attorney and client. Many attorneys
will charge for personal meetings, so asking the right questions on
the phone may have to do in most cases.
Be sure to get all of the financial requirements up front from a
prospective real estate attorney. Many will also have particular
areas of expertise, so ask about them to make sure that the
expertise relates to your particular situation. Also, asking some
general questions about the process each real estate attorney
usually goes through on a property can help you learn about the
process while still filtering out attorneys.
While not every real estate transaction requires a real estate
attorney, the added expense of hiring one can make sense for
customers that want some extra security for the transaction or that
envision complications along the way. Your real estate agent is
perhaps your primary resource as you pursue a home sale or purchase,
but a real estate attorney can be a sound, legal, additional
resource to deliver the best possible real estate selling or
purchasing experience.
This is another original article by Joe Lane, co-owner of
The Lane Real Estate Team at http://www.joelane.com/.